Meet Aspis: Removing the Need for Corrupted Middlemen

Transcript

hello everyone first of all uh good to be here so we here all gathered for very important matter that is changing the world right otherwise we couldn't fly here from all parts of the world and I'd like to thank you for your attention in advance and let me show you what I'm building so the purpose of aspis is removing the need in Chain of corrupted middlemen from the financial system and but before moving into the problem that we're solving let's talk about why in traditional financial markets with its development there is a new uh and uh

ongoing profession of professional money managers and it's like a good way because they're sitting 24 hours seven days a week and managing the assets reading all the information they have professional background and they have a lot of knowledge and in D5 with its development with its impermanent losses and introduction of a lot of different mechanism it's become quite a kind of important to have a tool for a newcomers for non-professionals to trust their funds to someone who is knowledgeable who is professional and who is able to do that but with solving the principal imagine puzzle and basically with having

more dedicated approach to it so but there is also the problem when there is coming uh when we talk about the financial relationship there is always trust required and there is trust layer a current translator consists of banksters lawyers the custodies and Etc it works but we can do it better right and that's why we're here so instead of punishing uh the bad actor after he already made the fraud and bought himself a Lamborghini why not to prevent the fraud in the first place and here we go with aspis aspis is basically set of smart contract that interchange and change and replace the conventional

traditional funds so instead of having the paper legal we can prevent the fraud in the first place with its affordable setup Automation and one source of Truth like similar to the general laws of physics when the code is the only law it makes sense to interact with it I'll show you in a couple of minutes that it takes only a couple of minutes to deploy your own fun and interact with him uh it's available in 24 hours seven days in a week and most of installation are automated so how does it work so uh basically the manager goes to the aspis finance he fills out the form and creates deploys

the own chain fund the sun chain funds has the same characteristic as general fund with its rules for Capital onboarding off-boarding commission structure and the limitations we prevent both we try to balance the interest between the manager investor in a way that both of them are happy and it's very important so a manager deploys the Vault by filling the form for creation of on-chain agreement then investor deposit funds into this vote seeing all the rules inside and he's getting back the lp tokens in return after that manager tries a manager doing the swaps and trading on decentralized exchanges

and different protocols and after that investor is able to withdraw his funds and all the commission all the rules are guaranteed by the code so that means that manager is not able to take away the investors fund without his extent and investor and manager is getting his commission for the fund management we have very simple you UI interface I'll show you in a minute uh and let's go to the demo can you open the video please let's create a fund uh it will be less than three minutes so for example we're

at the trader join we want to raise funds from general public so we're creating the Vault we creating the lp agreement by specifying the fundraising parameters then deposit parameters choosing the currency we want to be deposited and the base currency for profit calculation as well as we can allo list wallets who is able to deposit so we can do qic for example or restrict only to private individuals we also can set up the lockup period specify the capital onboarding specify the withdrawal of Windows for example for this particular case investors will be able to get off the investment fund each

first three days of each quarter if they will do in free spirit they will pay final five percent there is also flexible commission structure with entrance fee fund management fee and performance fee um performance fees taking on the investors withdrawal and there is Quorum minimum approval and voting duration to change the rules of the investment fund as well as adding more protocols and assets and Wallace who is able to deposit uh right now there is only possible way to do by the investment decision by investment manager but we can also set up to the ability to change the investment manager to make the Community Fund here we're choosing the platforms that the manager is able to use and

during the fundraising phase and after fundraising phase specifying the first price of LP token and here we go we created fund right now it took some time to finalize we don't use any front back end We sync the data directly using the graph from the chain and here we can see all the rules through the one pager of this investment fund and if we like it we can sign the on-chain agreement and join the fund so here we go so we've made a deposit and get back the lp token that we will

be able to burn to get back funds here the manager is able to do transaction there are two ways of managing the funds one is through the front end of uh the protocol using the wallet connect the second one is through the uh API or other services that are able to connect to our smart contract for the funds management we're also adding all the training options but I'll talk about it on the last slide so here we need to approve the transaction for this particular transaction we swapped for example BNB for on pancake swap but there are other options as possible as well as with development of the access Perpetual

succumbing as well as limit order so introduced by a lot of daxes so there are a lot of interesting opportunities for management of the capital also another difference with other protocols is that we're pretty flexible in terms of changing the terms of the funds so instead of deploying each time the new fund when something changes you can change the rules by voting so for this particular case the manager wants to add entrance fee for example he created The Proposal he cannot do it only by himself but he will need his LPS to vote for it so here we will make the vote for it and we will be able to execute these proposals once the data will be synced so the changes will take into the force

here we calls the execute and here it is can I go back to the presentation so yeah so um regarding our um okay so it seems that it doesn't work so yeah so regarding our next step the first one is that we partnered with trading strategy for integration of algorithmic trading uh and next we will also be able to be very useful when the real world assets will come so Traders will have more options in terms of assets available for the trading and I think the last step that

will help us to all get on top of the mountain will be like autonomous AI which will be managing our assets 24 hours seven days a week without us like making any a major decision fully autonomous taken into consideration all the possible data in the world reducing the asymmetry of the information between the experience manager and regular people we also need your help to move forward I happy to be in touch and thank you very much for your attention [Applause]